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June 22, 2011
The Canadian Securities Administrators (CSA) today published proposals that would require registered dealers and advisers to provide their clients with personalized information about account-related charges and account performance.

“Investors have told us that they want this type of information,” says Susan Silma, Director, Compliance and Registrant Regulation. “We expect that clear and meaningful cost and performance information will help investors evaluate how well their account is doing and provide them with the opportunity to make more informed decisions about meeting their investment goals.”

Under the proposals, investors would receive additional reporting from their dealer or adviser:

a new annual summary of all account-related and product charges, and other compensation received by the registered firm, and

annual account performance reporting.

Information about charges and compensation would also be provided to investors at relevant times, for example, when they open their account and when a charge is incurred.